State Street Corp increased its stake in Bottomline Technologies, Inc. (NASDAQ:EPAY) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 946,465 shares of the technology company’s stock after buying an additional 78,904 shares during the period. State Street Corp’s holdings in Bottomline Technologies were worth $22,386,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in Bottomline Technologies by 0.9% in the first quarter. California Public Employees Retirement System now owns 70,300 shares of the technology company’s stock valued at $1,663,000 after buying an additional 600 shares during the period. Louisiana State Employees Retirement System increased its position in Bottomline Technologies by 4.8% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the technology company’s stock valued at $364,000 after buying an additional 700 shares during the period. Texas Permanent School Fund increased its position in Bottomline Technologies by 2.7% in the first quarter. Texas Permanent School Fund now owns 27,380 shares of the technology company’s stock valued at $648,000 after buying an additional 722 shares during the period. Mason Street Advisors LLC increased its position in Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock valued at $209,000 after buying an additional 856 shares during the period. Finally, Jupiter Asset Management Ltd. increased its position in Bottomline Technologies by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 190,676 shares of the technology company’s stock valued at $4,509,000 after buying an additional 866 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Bottomline Technologies, Inc. (NASDAQ:EPAY) traded down 1.745% on Thursday, reaching $27.865. 32,268 shares of the company’s stock were exchanged. The firm’s market cap is $1.06 billion. Bottomline Technologies, Inc. has a one year low of $18.48 and a one year high of $29.00. The firm has a 50 day moving average price of $27.18 and a 200 day moving average price of $25.33.

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Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 28th. FIX upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, July 17th. Raymond James Financial, Inc. upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Monday, July 17th. UBS AG upgraded shares of Bottomline Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $26.00 price target on shares of Bottomline Technologies in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.67.

In other Bottomline Technologies news, insider Norman J. Deluca sold 1,898 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $28.99, for a total value of $55,023.02. Following the transaction, the insider now owns 77,192 shares in the company, valued at approximately $2,237,796.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman J. Deluca sold 2,750 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $25.33, for a total value of $69,657.50. Following the completion of the transaction, the insider now owns 83,554 shares in the company, valued at approximately $2,116,422.82. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

About Bottomline Technologies

Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

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Institutional Ownership by Quarter for Bottomline Technologies (NASDAQ:EPAY)

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